Bill 3,434/2024: The Legal Framework Opening Brazil's Environmental Token Market
Understand Bill 3,434/2024, how it regulates carbon credit and environmental tokens, and what changes for companies in Brazil starting now.
Summary
Bill 3,434/2024 regulates the creation and trading of environmental asset tokens in Brazil. It acts as the technological complement to the Brazilian Emissions Trading System (SBCE), allowing companies to monetize natural assets with immutable blockchain traceability.
Why Blockchain?
Blockchain technology structuraly solves the traceability problem that has plagued the voluntary carbon market, ensuring that each credit is unique and linked to a verified project.
Ricardo Zago
Ricardo Zago is the founder of Avalon Blockchain Consulting. He is a Professor of Web3 and Blockchain at FIAP and a startup mentor at ACE Ventures and Rock New Ventures. He brings over 25 years of technology experience with Whirlpool, Accenture, and BASF, and 8 years dedicated to blockchain.